Ingevity: Q3 Earnings Snapshot

Associated Press Finance
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NORTH CHARLESTON, S.C. (AP) — NORTH CHARLESTON, S.C. (AP) — Ingevity Corporation (NGVT) on Wednesday reported third-quarter profit of $25.2 million.

The North Charleston, South Carolina-based company said it had net income of 69 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.21 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.

The company posted revenue of $446 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $466.4 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NGVT at https://www.zacks.com/ap/NGVT

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